NBCC sells 14 lakh sq ft. commercial space in South Delhi for Rs 5,779 crore via e-auction

New Delhi: State-owned NBCC (India) Limited, on behalf of the government, has sold 14 lakh sq ft commercial space in South Delhi for Rs 5,779 crore.

In a regulatory filing on Friday, NBCC informed that it has "successfully sold commercial built-up space of approx 14 lakh square feet area at Bharat Business Park, Sarojini Nagar, New Delhi, through an e-auction at total sale value of approx. Rs 5,779 crore."

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NBCC will get a marketing fee of one percent of the sale value.

NBCC has been developing and selling commercial space in South Delhi on behalf of the government. The funds are used for the redevelopment of residential colonies.

NBCC is into project management consultancy and the real estate business.

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